Posted: Thursday, December 13, 2012 9:18 AM
Bids as of 9:30 a.m. Pacific time; subject to change.
Bids for grains delivered to Portland, Oregon during December by unit trains and barges, in dollars per bushel, except oats, corn and barley, in dollars per cwt. Bids for soft white wheat are for delivery periods as specified. All other wheat bids are for full December delivery. Bids for corn are for 30 day delivery.
March wheat futures trended mixed, from 2.25 cents lower to 1.25 cents per bushel higher compared to Wednesday's closes.
Bids for US 1 Soft White Wheat for December delivery in unit trains or barges trended mixed, from 2.25 cents lower to 7.75 cents per bushel higher than Wednesday's bids for December delivery. Some exporters were not issuing bids for nearby delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December delivery were not fully established in early trading, but were indicated as generally 1.25 cents per bushel higher compared to Wednesday's noon bids for December delivery, in following the slightly higher Kansas City March wheat futures.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for December delivery were not well tested in early trading, but bids were indicated as generally one cent per bushel lower than Wednesday's noon bids for the same delivery period, following the lower Minneapolis March wheat futures. Some exporters were not issuing bids for nearby delivery.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 11.25 cents per cwt lower compared to Wednesday's noon bids. Lower Chicago March corn futures pressured cash corn bids. Corn bids truck delivered to the Yakima Valley also trended 11.25 cents per cwt lower compared to Wednesday's noon bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
Dec mostly 8.3975, ranging 8.3475-8.4475
Jan 8.4500-8.7000
Feb 8.5500-8.7000
Mar 8.6475-8.7000
Apr 8.7000-8.7250
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US 1 White Club Wheat - delivered by Unit Trains and Barges *
Dec mostly 8.3975, ranging 8.3475-8.4475
*Not fully established.
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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *
Ordinary protein 9.2150-9.3050
10 pct protein 9.2150-9.3050
11 pct protein 9.4150-9.4450
11.5 pct protein
Dec 9.5150
12 pct protein 9.5350-9.5650
13 pct protein 9.5750-9.6650
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US 1 Dark Northern Spring Wheat (with a minimum of 300 falling numbers, a maximum of 0.5 part per million vomitoxin, and a maximum of one percent total damage) *
13 pct protein 9.6800-9.7200
14 pct protein
Dec 9.8800
15 pct protein 9.8800
16 pct protein 9.8800
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US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 14.8750-14.9875
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 14.4000-15.2000
US 2 Heavy White Oats in dollars per CWT ** 13.2500
** Not well tested.
Exporter Bids Portland Rail/Barge Nov 2012
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 8.8700
US 1 Hard Red Winter (Ordinary protein) 9.6200
US 1 Hard Red Winter (11.5% protein) 9.9000
US 1 Dark Northern Spring (14% protein) 10.2100
Source: USDA Market News Service, Portland, Ore.